For Sale
$2,553,083

14637 Us-231Hazel Green, AL 35750

High-yield Burger King, Alabama

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 3,115 square foot, single-tenant Burger King restaurant situated on a 0.97-acre lot in Hazel Green, Alabama. Built in 2015, this property benefits from a corporate-guaranteed, absolute triple-net (NNN) lease with a remaining term of 14 years, expiring October 30, 2038. The lease commenced October 29, 2018, and includes rent bumps. Located in a high-traffic area, this outparcel to a Walmart Supercenter enjoys excellent visibility and accessibility, surrounded by other national retailers including Dollar Tree, Arby's, Zaxby's, Taco Bell, Dollar General, Verizon, and AT&T. The property's strong performance is reflected in its $169,781 net operating income (NOI) and a 6.65% cap rate. The asking price is $2,553,083, translating to $819.61 per square foot. This investment offers a secure, long-term passive income stream in a thriving retail corridor within the Huntsville MSA, a market boasting over 450,000 residents and situated just 25 minutes north of downtown Huntsville. The property's strategic location along a major retail thoroughfare ensures consistent high traffic volume, exceeding 22,000 vehicles daily. This is a rare opportunity to acquire a well-established, high-performing Burger King investment with significant long-term potential.

Highlights

  • Walmart-anchored outparcel.
  • High traffic count exceeding 22,000 vehicles daily.
  • Strong corporate lease with recent assignment.
  • Modern building constructed in 2015.

Property Details for 14637 Us-231

Property type
Retail properties
Square Feet
3,115 SF
Year Built
2015
Lot Size (sq. ft)
42,253 SF

Location Insight

City
Hazel Green
County
Madison
State
Alabama
Latitude
34.94580823
Longitude
-86.57216834
14637 Us-231, Hazel Green, Alabama

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14637 Us-231
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